by Natalie Voss
At a special meeting convened Tuesday afternoon, the Kentucky Horse Racing Commission voted unanimously to approve the change of control for Turfway Park, clearing the way for Churchill Downs Inc. (CDI) to purchase the track for $46 million. Churchill, operating via its wholly-owned subsidiary, NKYRG LLC, announced the deal last week, noting it was contingent upon Commission approval. The closing is expected to take place tomorrow.
Kevin Flannery, president of Churchill Downs Race Track, presented the commission with CDI’s initial plans for the facility. CDI plans to hold the upcoming race meet, which runs December to March, and demolish the existing grandstand and associated buildings immediately after. Flannery said simulcasting will be moved to another, to-be-determined location during construction. CDI plans to operate during the same December to March timeframe next season, with the hope being that the majority of the construction will be completed by the end of 2020. The official grand opening for the new facility is slated sometime mid-2021.